https://techcrunch.com/2023/03/09/ai-chip-startup-mythic-rises-from-the-ashes-with-13m-new-ceo/amp/
AI chip startup Mythic rises from the ashes with $13M, new CEO
Mythic, an AI chip startup that last November reportedly ran out of capital, rose from the ashes today with an unexpected injection of fresh funds...
So what went wrong? Well, Mythic was competing in a very crowded field. Dozens of startups were — and are — developing chips to run AI efficiently at the edge, including SiMa.ai, Axelera, Flex Logix, NeuReality, EnCharge, Hailo and Kneron. But funding is drying up. According to The Register, global VC equity for semiconductor startups in 2022 declined 46% to $7.8 billion, reflecting increased scrutiny for the capital-intensive firms.
Competitive landscape, page-3409
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